Watkinson Capital Advisors LLC

Item 5          Fees and Compensation

The client can determine to engage WCA to provide discretionary investment advisory services on a fee basis.

Investment Advisory Services

If a client determines to engage WCA to provide discretionary investment advisory services on a fee only basis,
WCA’s annual investment advisory fee shall vary (up to 2.00% of the total assets placed under WCA’s
management/advisement) and shall be based upon level and scope of the overall investment advisory services to
be rendered, which is based upon various objective and subjective factors, including, but not limited to, the
amount of the assets placed under WCA’s management. WCA's annual investment advisory fee shall be prorated
and paid quarterly, in advance, based upon the market value of the assets on the last business day of the previous
quarter.

WCA Asset Based Fee Schedule for Investment Advisory Services is as follows:

               PROGRAM                             ANNUAL ASSET-BASED                       PERFORMANCE-
                                                          FEE                                 BASED FEE
    WCA Total Portfolio Management                   NEGOTIATED - 2.00%                              0
    WCA Municipal Bond Advantage                     NEGOTIATED - 1.00%                              0
          WCA  Strategy
                  Core Plus                             1.25%-1.50%                                  0

Watkinson Capital Advisors LLC may be engaged by other Registered Investment Advisors (RIA) to provide sub
advisory services.

Sub-Advisory Services

If a RIA determines to engage WCA to provide discretionary sub-advisory services on a fee only basis, WCA’s
annual sub-advisory fee shall vary (up to 1.00% of the total assets placed under WCA’s management/advisement)
and shall be based upon level and scope of the overall sub-advisory services to be rendered, which is based upon
various objective and subjective factors, including, but not limited to, the amount of the assets placed under
WCA’s management. WCA's annual sub-advisory fee shall be prorated and paid quarterly, in advance, based
upon the market value of the assets on the last business day of the previous quarter. The RIA that engages WCA
may also opt to have the fee charged in advance or arrears and paid quarterly, based upon the market value of the
assets on the last business day of the previous quarter. Fees can be paid by ACH or check. See the fee schedule
below for Watkinson Capitals Advisors LLC Sub-Advisory Services.

Sub-Advisory Services                     ANNUAL ASSET-BASED FEE                  PERFORMANCE-BASED
   WCA Municipal Bond Advantage               NEGOTIATED - 1.00%                  FEE      0
               Strategy

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Item 7           Types of Clients
WCA’s clients shall generally include individuals, business entities, trusts, estates and charitable organizations.
WCA generally requires an annual minimum asset level of $500,000 for investment advisory services. In the Core
+ Plus strategy the minimum asset level is $500,000 for investment advisory services. WCA, in it sole discretion,
may provide investment advisory services for clients with accounts less than the base minimums in certain
circumstances, such as but not limited to these criteria (i.e. anticipated future earnings, anticipated additional
assets, dollar amount of assets to be managed, related accounts, account composition, negotiations with client,
etc.).